| January. 2005 |
Announcement of plans for Shin-Etsu PVC in the Netherlands to expand its PVC facilities

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| January |
Shin-Etsu Chemical’s rating by Moody's was raised from A2 to A1. |
| March |
Announcement of plans for major expansions of methylcellulose production capacity in Japan and Germany.

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| March |
Announcement of JAPAN VAM & POVAL Co. Ltd. becoming a wholly owned Shin-Etsu Group company.

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| March |
Development of new high-performance technology for neodymium rare-earth magnets.

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