Leasing Company CFM celebrates its 25th anniversary

750 leasing contracts have been executed for 25 years by “CFM Leasing Company”, a member of the Vologda Timber Industry Association Group of Companies.

On May 26, 1997 “Financial Management Center” was founded to carry out investment policy to renew basic production assets at the enterprises of “Vologda Wood Producers” Association.

Subsequently, the company was reorganized along the lines of: “CFM Leasing Company” (profile activity) and “CFM-Partner” (provides accounting services).

Since 2001 the company has been active on the market of leasing services for enterprises situated on the territory of Vologda and neighboring regions.

Mikhail Tsvetkov, Director of LLC “Leasing Company CFM”:

“For a quarter of a century we have achieved very impressive results in our segment. Over these years we have supplied more than 1,500 units of various equipment to our partners and clients. This includes trucks, logging and special equipment.

I would like to thank our partners and customers, who have trusted us for the whole period of our work, as well as our staff for their dedication, which allows us to achieve our goals. I hope that the current situation will open up new opportunities to work reliably and efficiently”.

According to Expert RA rating agency in the ranking of Russian leasing companies by volume of new business in the North-West Federal District in 2021 CFM Leasing Company LLC took 42nd place among 79 lessors who took part in the research.

Vologodskiye Lesopromyshlenniki Group of Companies – dynamically developing Russian timber industry holding with a full cycle of logging and deep processing of wood, which ranks 11th in the top 50 largest timber companies in Russia by revenue and is recognized as the fastest growing company according to the magazine “Forest Industry” in 2020. It has 4 logging companies and 2 sawmills operating in 12 districts of the Vologda region.