Mayr-Melnhof Karton AG is a producer of cartonboard, predominantly using recycled feedstock. Its operations are divided into two core business divisions: MM Karton and MM Packaging. MM Karton produces and markets carton board from recycled fibers and virgin fibers. It operates mills in several European countries. The MM Packaging division converts carton board into folding cartons, with the majority of the manufactured products being sold to multinational customers in the branded goods industry. Next to Europe, MM Packaging also has production plants in Latin America and Asia. The Austrian company's IPO at the Vienna Stock Exchange was in 1994.