The facilities expansion is in addition to last month's opening of an additional refurbished 3,500sqm unit on the Bar Hill industrial park, to house demonstration, training, testing and product development facilities.
Group managing director Nigel Bond said the new facility Domino plans to build could be around 15,000sqm and would likely house all of its UK manufacturing operations, which currently take up around 5,000sqm at its main Bar Hill site.
"This will give us capacity for the next phase of growth of the company," said Bond. "This will hopefully the capacity we need for todays product ranges as well as any future product ranges for the next 20 years.
"What we will probably end up doing is putting all of our manufacturing in the new facility - that will create space in our existing building, which we can use for office space and development labs."
Domino also has a new manufacturing facility in India, which will be operational this summer.
Meanwhile, sales for the four months to the end of February 2014 were said to be 8% ahead of the same period last year on an underlying basis, before a 3% adverse impact from foreign exchange movements.
Peter Byrom, chairman of Domino Printing Sciences, said: "The recent strengthening of sterling against most currencies will, if unabated, impact reported results at the half and full year."
Bond said that Domino priced its products to local market conditions, so while a strong sterling might impact margins, it wouldn't have an impact on overseas sales.
The four main foreign currencies Domino trades in - the US dollar, the euro, the rupee and the renminbi - have all weakened against sterling in the past four months, Bond added.
The adverse impact of transaltional effects on profit in the four months to the end of February was said to be £700,000. "While this is within the range of our expectations, further strengthening of sterling may impact full year profits," said Byrom.
Notwithstanding the negative impact of the strengtherning pound, Domino generated cash of £4.9m in the period, boosting its net cash to £30m at 28 February 2014.
Domino reported improvement in market conditions at the start of 2014 versus the past two years, but added that customer confidence remains fragile in some geographic areas. "We have competed for, and won, a number of large projects demonstrating that manufacturers are prepared to invest and expand their capacities," the company said.
The highlight to the start of the year was said to be double-digit growth in Western Europe, allied with continued progress in North America; Domino's larger markets in Asia also had a positive start to the year.
Domino said it was making good progress towards its sales target of 25 new N610i Digital Label Press systems for the year, with seven installed already in the US and Western Europe and "a lot more orders", according to Bond.
However, while the company is planning further launches from its core coding and marking product range at InterPack in May, Bond was coy on any developments in the firm's digital printing portfolio and ruled out the possibility of an imminent expansion into packaging.
"At the moment we're focused very much on the labelling sector with our digital technology," said Bond. "I am sure we will expand into other areas with that digital technology in time, but at the moment we're focused very much on getting it right in labelling."
Domino's next trading update will be on 24 June 2014 as part of the IMS for the six months to 30 April 2014.
