BUSINESS MEMO: PARAMOUNT HEADWARE WILL CLOSE DOORS IN ADVANCE

Paramount Headwear Inc. has issued a notice to close its manufacturing facility at Advance over the next two months.

Paramount Headwear, which operated in more than a dozen sites, is headquartered at Bourbon.

The Advance operation opened in 1989, and in 1993 it employed more than 200 workers. Only 50 workers remain at the plant.

The plant is expected to close Sept. 19.

Paramount officials said the headwear market "has been depressed some and impacted by imports."

A second Paramount plant will close at Gerald. Equipment from the closed plants will be consolidated into remaining factories.