The polyurethanes, performance products, advanced materials and textile effects segments manufacture and supply organic chemicals, while the pigments segment produces inorganic chemicals.

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Huntsman Textile Effects is a new business acquired from Ciba last August.

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The result: The higher-margined differentiated and specialty businesses, including the Textile Effects division, will account for nearly 85% of Huntsman's revenues for the 12-month period ending this June, up from 30% when Peter Huntsman became CEO.

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"We're not putting plants in Asia because we want to take advantage of the cheap labor costs, " explains Peter, though he does note that almost every scientist in his Textile Effects lab is a woman with an advanced degree.

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