Batista is developing a 90 square-mile area at the Port of Acu in Brazil in order to lure manufacturing contracts from companies like Apple. He says that his hope is to benefit the people of Brazil by allowing them to no longer "pay twice what you pay in the United States." Beyond his altruistic intentions, he is obviously hoping to cash in on the Apple's ever-expanding manufacturing needs.
Apple's long-time manufacturer, Foxconn, has seen its share of problems recently. After a number of employee suicides, and the recent allegations of employee abuse, Apple is likely looking for a manufacturer less likely to bring them bad press. The recent problems with Foxconn have prompted them to increase employee benefits and manufacturing costs, which will subtract from Apple's bottom line. Then again, Apple has enjoyed excellent build quality and customer satisfaction with their Foxconn partnership.
Eike Batista earned his fortune in the mining industry, building his net worth to US$27 billion. To put that in perspective, Steve Jobs is the 42nd richest person in America, and is worth US$6.1 billion. Not to be disappointed by a potential rejection from Apple, Batista is also approaching BMW with an offer to take on some of their manufacturing needs.
source: AppleInsider via TUAW