We expect gross margin will improve significantly as we move into full production mode and absorb more of the fixed overheads.

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The new margins will be based on each drug's production costs, ignoring research spending and other shared overheads, which far exceed the manufacturing outlay for new medicines.

ECONOMIST: Pharmaceuticals in China

The company says the site has been losing millions of pounds but a rise in production should improve the financial performance by helping it absorb the huge overheads that remain the same no matter how much steel is being produced.

BBC: Wales