Area manufacturer plans $30M investment in new HQ

ST. PETERSBURG — Madico Inc., which makes advanced laminates and window films, will spend $30 million on developing a new world headquarters and manufacturing facility in Pinellas Park.

Madico, a subsidiary of Lintec USA Holdings, has a presence in nearby St. Petersburg as well as Woburn, Mass. In a press release, the company says it intends to relocate all existing operations, equipment and resources from both of its existing locations to the new facility in Pinellas Park.

According to the release, Madico bought the 20-acre property, located at 9251 Belcher Road, with an eye toward better serving existing clients and finding new opportunities in markets ranging from architectural and automotive to aerospace, health care and transportation.