separation

But Fernandes de Sa said this was mostly extraction, and none of these companies were developing more sophisticated downstream operations in Brazil, such as mineral separation or magnet manufacturing.

When that request was denied, several dissented Wednesday — excoriating the deployments as a clear breach of constitutional law and the separation of powers.

The separation of the company’s automation and aerospace businesses, which was announced in February, is still expected to be completed in the second half of 2026.

As he finished talking about the pain of separation — both his and Pages’ — his eyes began to water as he held back tears.

The separation is expected to have a roughly $700 million impact on annual sales and put a 21-cent dent in adjusted earnings per share.