Sciens closure a shocker
Precision-machine parts maker had received provincial funding and opened new plant five years ago on Fisher Dr.
Peterborough MPP Jeff Leal said it’s unfortunate that Sciens Industries, a company on Fisher Dr. that makes precision-machine parts, has closed for good.
The company had been operating for 20 years in Peterborough. The closure put 19 people out of work.
A bit more than a year ago, Sciens Industries had landed a new contract to build parts for the Boeing 777.
In 2013, Premier Kathleen Wynne toured the plant with Leal.
“We did provide them with money to make them more competitive in the marketplace,” Leal said.
Yet the plant shuts its doors abruptly on Monday. Company president Jerry Vandersanden didn’t return calls from The Examiner.
But Van der sand en told CH EX- TV that the bank had called in the company’s loans on Friday - even though the plant had more work than ever.
It wasn’t clear on Tuesday whether they were planning to restructure.
Sciens, founded in Peterborough in 1997, made high-precision machined components for the aerospace, security and defence, oil and gas and nuclear energy industries.
Five years ago, Sciens built a new facility on Fisher Dr.
In April 2015, the company landed a contract to build landing gear components for Boeing. Sciens was to begin that multi-year contract in December.
A year later the company announced a three-year contract with SPP Canada Aircraft to make landing gear components for the Dornier Seastar aircraft.