Resand Secures EUR 25 Million Loan Facility to Expand Foundry Sand Recycling Operations
Resand Ltd has increased its loan facility with Norion Bank to EUR 25 million to finance new customer agreements and expand operations. This funding supports the company's efforts to meet rising demand driven by foundries' sustainability and cost-efficiency goals.
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Resand Ltd has expanded its loan facility with Norion Bank from EUR 14.5 million to EUR 25 million, with the increase aimed at financing new sand reclamation machinery. The additional funding follows new agreements established in February 2026 with AGVS Aluminium Werke GmbH in Germany and Termit in Slovenia, enhancing Resand's market presence in the DACH region and Central Europe.
The financing will facilitate scalability in operations to address the growing demand for sustainable foundry solutions. Norion Bank's commitment reflects its understanding of Resand's business model and growth trajectory, aligning with the company's strategy for international expansion. The partnership underscores a trend in the industry where foundries seek to improve sustainability and reduce costs, posing both opportunities and competitive pressures within the market.
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